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Loans
Investor loans - Loan Information & Closing Cost
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Click here to view the closing
costs for the other counties we service.
Terms
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15% + 4
points ($2,500 minimum charge) the points are paid at the time of
closing. |
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Percentage and
points are subject to credit and inspection. Points
may vary according to location. |
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One Year (12 Mo.)
Interest ONLY Balloon |
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Lenders option
to extend for additional 12 months for an additional 3 points at end
of first term or $2000 minimum for any mortgage extensions. |
"The lender
will hold escrow for taxes, insurance and any other cost necessary."
Possible fees depending on your area
| $400 |
Documentation preparation fees for our attorney |
| $100 - $250 |
Inspection fee |
| $250 |
Processing fee |
| $20 |
Courier fee |
Vacant property insurance will be necessary.
NO JUA insurance will be considered unless property is already a rental.
Please see our insurance requirements.
These rates are for single family to four plex units only.
Apartment buildings and other commercial properties may have different
terms, conditions, and fees.
Note:
WHEN BUYING BANK REO's the bank will want you to use
their title agency or attorney and pay for your side of the
title coverage. If you choose this option to save money, we will
have our attorney review the foreclosure process for a fee to
you of $750. This is due to the number of title
issues we have endured due to poor title work from
these foreclosure warehouses.
• Sufficient equity and/or a higher rate or points
may be required.
• The expressed rate could change or not be available at commitment
or closing.
• These are ONLY Investors Mortgage closing costs and are paid at
time of closing. Keep in mind you still have title charges, taxes and
insurance etc…
"Title will be held in a land trust with
our attorney as the TRUSTEE."
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